BJ Services net income down 11%, trims forecast

SteveGelsi

NEW YORK (MarketWatch) -- BJ Services Inc.
bjs
on Thursday said fourth-quarter net income fell 11% to $168.1 million, or 57 cents a share, from $189.4 million, or 64 cents a share in the year-ago period. Revenue rose 15% to $1.53 billion from $1.28 billion. Hurricanes took a bite of 2 cents a share in the latest period. Analysts polled by FactSet forecast earnings of 55 cents a share on revenue of $1.43 billion. BJ Services forecast first-quarter earnings of 48-51 cents a share, compared to the Wall Street target of 56 cents a share.

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